"Eastman Kodak, the company that invented the hand-held camera, has filed for bankruptcy protection.
The move gives the company time to reorganise itself without facing its creditors, and Kodak said that it would mean business as normal for customers.
The company has recently moved away from cameras to refocus on making printers to stem falling profits.
The 132-year-old firm has struggled to keep up with competitors who were quicker to adapt to the digital era."
It looks as though Kodak will fade away as technology moves on and the demand for film falls away. I suspect Kodak will downsize to support the those few areas where there is still a demand for film.